| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.6B | $6.2B | $5.6B | -10.8% | 0.1% |
| Op. Income | $2.5B | $2.4B | $2.7B | 3.8% | -9.3% |
| Gross Margin | 81.0% | 82.4% | 83.0% | -1.4pp | -2.0pp |
| Net Margin | 35.8% | 30.9% | 41.6% | 4.9pp | -5.8pp |
| EPS (Diluted) | $3.18 | $3.01 | $3.25 | 5.6% | -2.2% |
| Free Cash Flow | $1.7B | $3.0B | $2.6B | -41.8% | -32.8% |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $4.5B |
| R&D Expenses | $879M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | -$3M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $2.5B |
| Interest Income | $185M |
| Interest Expense | $343M |
| Other Income/Expenses | -$158M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $322M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $495M |
| EBIT | $2.7B |
| EBITDA | $3.2B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $4.5B |
| R&D Expenses | $879M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | -$3M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $2.5B |
| Interest Income | $185M |
| Interest Expense | $343M |
| Other Income/Expenses | -$158M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $322M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $495M |
| EBIT | $2.7B |
| EBITDA | $3.2B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $495M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$50M |
| Other Non-Cash Items | $24M |
| Change in Working Capital | -$616M |
| OPERATING CASH FLOW | $1.8B |
| Capital Expenditure | -$116M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6.9B |
| Sales/Maturities of Investments | $10.6B |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | $3.6B |
| Net Debt Issuance | -$1.0B |
| Common Stock Repurchased | -$3.0B |
| Common Dividends Paid | -$901M |
| Other Financing Activities | -$54M |
| NET CASH FROM FINANCING | -$5.0B |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | $413M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.4B |
| Short-Term Investments | $18.9B |
| Net Receivables | $3.8B |
| Inventory | $3.0B |
| Other Current Assets | $2.1B |
| TOTAL CURRENT ASSETS | $35.2B |
| PP&E (Net) | $4.9B |
| Goodwill | $14.7B |
| Intangible Assets | $7.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $28.8B |
| TOTAL ASSETS | $64.0B |
| Account Payables | $1.1B |
| Short-Term Debt | $3.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $12.7B |
| Long-Term Debt | $29.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $811M |
| Other Non-Current Liabilities | $10.3B |
| TOTAL NON-CURRENT LIABILITIES | $40.5B |
| TOTAL LIABILITIES | $53.2B |
| Common Stock | $31.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$19.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$516M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.8B |
| TOTAL LIABILITIES & EQUITY | $64.0B |
| Total Debt | $33.0B |
| Net Debt | $25.7B |
